The high-security gold and silver storage compound cost $28 million to construct, can hold upwards of $100 billion in gold and silver, and can be further expanded to 60,000 square feet.
In a world of resource depletion, gold exploration companies must find new deposits to meet the growing production needs required to keep up with current gold demand, which outpaces supply.
A longstanding obscure statute lets the Treasury mint platinum coins of any value, boosting the U.S. money supply without addressing national debt or needing Congress's approval.
Given what is happening in the gold market more generally, it appears reasonable to assume that the Federal Reserve is the BIS' customer for the swaps transactions.
July was exhausting for news hounds. I can’t remember a month like it, with every day bringing new shockers. Now August is taking it all to another level as we get blasted with unexpected economic data and huge market moves.
Pundits and politicians talked up the "robust economy" and the "resilient" American consumer for months, but this economic growth was courtesy of Visa and Mastercard.
It’s estimated $6.4 trillion dollars has been wiped from global wealth. Is this the Great Unwind finally upon us? And is gold still the asset to protect you from the upheaval ahead?
One thing that seems likely as WW3 gets out of control is that all paper currencies will lose value rapidly. And the whole world, both central banks and individuals, will pile into gold.
Risk assets are selling off, including precious metals. But Gold is outperforming in real terms. Gold has broken out against Commodities and reached a three-and-a-half-year high.
